Joseph Davoudzadeh Of Metropolitan Homes Inc. Buys Mixed-Use Property At 901 Dekalb Avenue For $2.525M
901 Dekalb Avenue
$2,525,000
$388/SF
Building Size
6,500 SF
Asset Type
Mixed-use
Closing
Feb 27, 2025
AI
The property asset is a mixed-use building located at 901 Dekalb Avenue in the Bedford-Stuyvesant market. This asset comprises 12 residential units and 2 commercial units, encompassing a total square footage of 6,500. The transaction was finalized for a total sale price of $2,525,000, resulting in a price per square foot of $388.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $2,525,000
- Address: 901 Dekalb Avenue
- Market: Bedford-Stuyvesant
- Asset Details: 12 Residential Units & 2 Commercial Units
- Square Footage: 6,500
- Price per Square Foot: $388
- Buyer: Joseph Davoudzadeh - Metropolitan Homes Inc.
- Seller: Stephen Sun & Thomas Sun
- Brokers: Sean R. Kelly Esq., Nicole Daniggelis & Paul Monaco - Ariel Property Advisors
Joseph Davoudzadeh represented Metropolitan Homes Inc. in this purchase, while Sean R. Kelly Esq., Nicole Daniggelis, and Paul Monaco represented the sellers, Stephen Sun and Thomas Sun, throughout the transaction process.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.28%
Cash-on-Cash
-1.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93